Spanish central banker Ordonez says that big Spanish banks are in good health but that the Bank may need to intervene in small and mid-sized banks.
The real-estate bust in Spain has been as devastating as that in the US. No wonder local banks are hurting.
Dealers note talk in the market of fresh 1.38/1.40 double-no-touch option plays in the market again…they must be cheap as chips, as my colleague in the UK would say…EUR/USD trades at 1.3970.
